HK Stock Market Move | POLY PROPERTY(00119) rises by over 7% again, with a total increase of 20% in the past seven days. The total contract sales amount reached 47.7 billion yuan in the first 11 months.

POLY PROPERTY (00119) rose more than 7%, with a cumulative increase of over 20% in the past seven trading days. As of the time of writing, it rose by 5.91% to 2.15 Hong Kong dollars, with a trading volume of 75.98 million Hong Kong dollars. In terms of news, POLY PROPERTY previously announced that in November, the property group achieved a contract sales amount of about 3.9 billion RMB, with a contracted sales area of about 109,000 square meters; from January to November, the property group cumulatively achieved a contract sales amount of about 47.7 billion RMB, with a cumulative contracted sales area of about 1.552 million square meters. China International Capital Corporation released a research report stating that due to an increase in settlement scale, POLY PROPERTY's revenue increased year-on-year, but performance still under pressure. Despite a general decline in industry profit margins, the company's gross profit margin improved slightly; the asset-liability structure continued to optimize, financing channels remained smooth, and the "three red lines" indicators turned green across the board; sales ranking rose to 15th in the industry, with outstanding performance in the Shanghai market; the company emphasizes the quality of project development and has made a high intensity of land acquisitions this year; other businesses are steadily developing.